Being forced to redeem FRN's at a FR bank or DC is a ridiculous position. Does that even sound remotely reasonable? Consider this angle. A large percentage of checks are cleared through the federal reserve check automated clearing house (ACH). Would this not provide the opportunity to redeem your FRN's? Or at least make your demand?

Look on your personal checks...somewhere on the back of them does it state "Federal Reserve Board of governors reg CC" mine do.